Oil Futures End Higher; Brent Spread to U.S. Benchmark at 1-Month High

By

David Bird

Updated Feb. 1, 2013 4:21 p.m. ET

YORK--Crude-oil futures prices rose Friday amid continued hefty gains in U.S. equities price. Global benchmark Brent crude oil hit a 20-week high while worries over logistical problems at a key pipeline capped the rise in U.S. prices.

Brent's premium to the U.S. benchmark price on the New York Mercantile Exchange blew out by $1 a barrel, to $19.06 a barrel, the most since Jan. 3, after operators of the Seaway Pipeline said the key...